- Struct Finance raises $3.9M from a recent seed round.
- 24 companies invested in Struct Finance’s seed round, including Blizzard Fund, Woodstock, Spark Digital, Avalaunch, etc.
- The company aims to use the fund to develop tools that will enhance its ecosystem.
Struct Finance announced the closure of a $3.9 million seed round. The funds will be used to develop tools, allowing the ecosystem to customize, compose, and invest in decentralized structured products.
24 companies participated in the funding round for Struct Finance. These companies are as follows: Blizzard Fund (Avalanche’s 200 Million funds), Finality Capital Partners, Bixin Ventures, Avalaunch, Woodstock, Spark Digital, Infinity Ventures Crypto, Antler, Arcanum Capital, Assymetries Technologies, Skyvision Capital, AVentures Dao, Bison Fund, FBG Capital, Keychain Capital, Double Peak, Lancer Capital, Lucidblue, MC Ventures, QCP Capital, SCC Investments, Zokyo, Wintermute, and 0xVentures.
Struct Finance aims to use its newly acquired funds to build out the tools for institutions to easily customize their interest rate products. Additionally, it allows Struct Fiance to compose their products with options to construct structured products suited to different investor profiles.
Avalaunch – one of Struct Finance’s investors – Co-Founder Mark Stanwyck had the following to say about the company:
As crypto markets mature and DeFi takes root, the need for sophisticated instruments which are capable of supporting the demands of institutional and retail investors becomes paramount. Struct not only offers this but also allows users to compose existing instruments together, opening an endless array of strategies. The team behind Struct has done nothing but build and execute around these novel concepts, and it’s an honor to be able to support them on their journey.
Struct Finance aims to expand on the spectrum of on-chain structured products by offering users a way to customize interest rate instruments. Additionally, Struct Finance offers users options available in the ecosystem to construct superior financial products. The platform opens up the number of investment choices available and enables varying protection. Furthermore, the platform takes away risk management and complex pricing away from its users while providing highly-competitive yields on various digital assets.
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